Has the US dollar topped, or is it just resting? Battle of the trend lines.

  • Check out this chart on the US dollar index and let me know what you think

The steep up trend line for the USD appears to have been broken. The caveat, for me, is the approach to that horizontal one:

us dollar uptrend 23 January 2025 2

I am sure readers of ForexLive can do better than me, let me know in the comments!

FWIW I am suspecting that while the steep uptrend is over, it'll faf around for a while before establishing its next direction.

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Sticking this in too .... that first year of Trump's Presidency #1 was a downtrend for the USD:

trump usd downtrend 23 January 2025 2

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